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J.M. Smucker to Raise Single-Serve Coffee Pack Prices by 8%

Dec. 10, 2014 5:44 p.m. ET

J.M. Smucker Co. plans to raise prices for its single-serve coffee packs in the U.S. by an average of 8% starting Jan. 5 in response to rising costs.

The move comes a week after Kraft Foods Group Inc. said it is raising its prices by 9% on most of its single-serve coffee pods, such as its Maxwell House and Gevalia brands, also citing increased costs.